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Just saw: An investor made a $2.5 million profit within a few hours with Trump-related assets. Crazy how quickly some people react to these new narratives and then also go all in.
The strategy was apparently to bet on the latest Trump gala news and to position heavily. Such a move is, of course, highly risky, but if you get the timing right, it can also become very lucrative quickly.
It makes me curious how many others are currently trying similar moves. Trump coins and political assets are definitely a topic that’s getting a lot of attention in the crypto community right now. Whether this is sustainable or just a short-term hype, we’ll see.